NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0037%/8h= +4.0% APRnext payment +$0.05 per $10,000 · paid last 24h +0.005%

Price spread now: Phoenix against Coinbase International−0.004%72s7-day average +0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$340.339% of the position

Long on Coinbase International Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 4 days (all we have)+0.083%+$8 · spread now −0.004%, 7d avg +0.039%

Together, before fees+0.123%+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.043% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.004% now, against its 7-day average of +0.039%). If the spread goes back, that is −$4 on $10k: about 3.9 days of funding at the current rate (+$1 a day). The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NVDA-PERP-INTX	227.53	0.0104	pay 0.0013% / 1h	45m 33s	$1.3M	$775K	10x
Short	Phoenix NVDA	227.52	0.0141	get 0.0018% / 1h	45m 33s	$94K	$112K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee PhoenixbpOrdersPrice spread, now −0.004%Rate

Funding earned: $7.68
Price spread: −0.004% → +0.039%: −$4.29
Slippage, 4 orders: −$16.88
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$30.49
Costs to cover: 0.339%
Break-even: 34.8 days

Slippage from Coinbase International: live order book, 3 min ago; Phoenix: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Coinbase International live order book, 3 min ago	2.64 bp	7.6 bp −$8	10.2 bp −$102	doesn't fit	doesn't fit
Sell Phoenix live order book, 5 min ago	2.64 bp	8.6 bp −$9	18.0 bp −$180	doesn't fit	doesn't fit

NVDA on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NVDAUSDT	0.0000%	8h	227.56	+0.013%	$12.7M	$14.8M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	227.51	−0.009%	$14.4M	$20.4M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	227.48	−0.022%	$7.2M	$9.6M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.61	+0.035%	$15.5M	$16.4M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	227.14	−0.171%	$2K	$3.7M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.64	+0.048%	$198K	$472K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	227.61	+0.035%	$2.2M	$43K	10x	as long as short
Deribit NVDA_USDC-PERPETUAL	+0.0014%	1h	227.47	−0.026%	$49K	$1.6M	10x	as long as short
Aftermath Perps NVDAUSD	+0.0019%	1h	227.43	−0.046%	$118K	$54K	10x	as long as short
Arcus NVDA-USD	+0.0040%	1h	227.57	+0.018%	$406K	$744K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NVDAUSDT	+0.0044%	8h	227.58	+0.024%	$483K	$590K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.67	+0.062%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	227.41	−0.053%	$147.8M	$43.7M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	227.54	+0.004%	$401K	$276K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	227.42	−0.048%	$58K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	227.30	−0.101%	$1.6M	$2.0M	15x	as long as short
QFEX NVDA-USD	+0.0057%	1h	227.55	+0.009%	$1.4M	$9.4M	10x	as long as short
GRVT NVDA_USDT_Perp	+0.0068%	8h	227.60	+0.031%	$20K	$386K	10x	as long as short
Variational Omni NVDA	+0.0075%	8h	227.53	+0.001%	$3.5M	$2.1M	—	as long as short
Pacifica NVDA	+0.0100%	1h	227.45	−0.036%	$299K	$51K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	227.44	−0.040%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	227.53	0.000%	$36K	$22K	20x	as long as short
Coinbase International NVDA-PERP-INTXlong	+0.0104%	1h	227.53	long leg	$1.3M	$775K	10x
Aevo NVDA-PERP	+0.0112%	1h	227.55	+0.008%	—	—	10x	as long as short
Lighter NVDA	+0.0128%	1h	227.52	−0.004%	$2.2M	$3.3M	20x	as long as short
Binance NVDAUSDT	+0.0129%	8h	227.55	+0.009%	$156.5M	$216.2M	50x	as long as short
Nado NVDA-PERP	+0.0131%	1h	227.47	−0.027%	$484K	$228K	20x	as long as short
Phoenix NVDAshort	+0.0141%	1h	227.52	−0.004%	$94K	$112K	20x
KuCoin NVDAUSDTM	+0.0152%	8h	227.59	+0.026%	$1.6M	$725K	20x	as long as short
Hotstuff NVDA-PERP	+0.0184%	1h	227.41	−0.053%	$35K	—	20x	as long as short
Lighter RH NVDA	+0.0208%	1h	227.68	+0.066%	$5.1M	$7.1M	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	228.03	+0.220%	$73K	$136	30x	as long as short
BloFin NVDA-USDT	+0.0250%	8h	227.60	+0.031%	$722K	$201K	20x	as long as short
Extended NVDA_24_5-USD	+0.0496%	1h	227.42	−0.048%	$685K	$733K	10x	as long as short
edgeX NVDAUSDC	+0.0666%	4h	227.55	+0.007%	$170K	$1.9M	20x	as long as short